Bank of America Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $85.00

e.l.f. Beauty (NYSE:ELF) had its target price reduced by equities researchers at Bank of America from $93.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 67.80% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on ELF. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $121.00 to $100.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group reiterated a “buy” rating and set a $70.00 price target on shares of e.l.f. Beauty in a report on Thursday. JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $105.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, April 17th. UBS Group lowered their price target on e.l.f. Beauty from $102.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Evercore started coverage on e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $95.56.

e.l.f. Beauty Stock Down 4.4%

Shares of NYSE:ELF opened at $50.66 on Thursday. The stock has a market cap of $2.99 billion, a P/E ratio of 28.62, a PEG ratio of 3.26 and a beta of 1.71. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. e.l.f. Beauty has a 52-week low of $50.13 and a 52-week high of $150.99. The business has a fifty day moving average of $64.64 and a two-hundred day moving average of $76.45.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, research analysts expect that e.l.f. Beauty will post 1.88 earnings per share for the current year.

Insider Activity

In related news, insider Kory Marchisotto sold 23,796 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the transaction, the insider owned 152,417 shares of the company’s stock, valued at approximately $9,702,866.22. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 52,880 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20. Following the transaction, the chief executive officer directly owned 98,416 shares in the company, valued at approximately $6,164,778.24. The trade was a 34.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 210,013 shares of company stock worth $13,315,490 in the last quarter. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in e.l.f. Beauty in the 4th quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. raised its position in e.l.f. Beauty by 29.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after purchasing an additional 87 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in e.l.f. Beauty in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Key Stories Impacting e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: e.l.f. Beauty beat estimates with adjusted EPS of $0.32 versus $0.29 expected and revenue of $449.29 million versus $423.06 million expected, with sales up 35.1% year over year. e.l.f. Beauty Announces Fourth Quarter Fiscal 2026 Results
• Positive Sentiment: Pre-market trading rose sharply after the earnings beat, suggesting investors are rewarding the company’s strong top- and bottom-line performance. Why e.l.f. Beauty Shares Are Trading Higher By 10%; Here Are 20 Stocks Moving Premarket
• Neutral Sentiment: Management’s FY2027 outlook was below Street expectations, with EPS guidance of $3.27-$3.32 versus a higher consensus estimate, which may temper enthusiasm despite the earnings beat. e.l.f. Beauty beats FQ4 expectations but sets FY27 outlook below street view – update
• Neutral Sentiment: The company said it plans more price cuts on some products to address cost-conscious shoppers, which could support unit growth but also signals ongoing pricing pressure. e.l.f. Beauty plans more price cuts to court increasingly cost-conscious shoppers
• Negative Sentiment: e.l.f. Beauty warned that surging oil prices linked to the Iran war could hurt fiscal 2027 results by $15 million to $20 million, adding uncertainty around margins and future earnings. Elf Beauty forecasts weak year, flags up to $20 million hit from Iran war

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.